Thumbnail icon for Westpac

Westpac Personal Loan

Interest rate from
11.99% p.a.
Comparison rate from*
13.15% p.a.based on $30,000
over 5 years
Upfront fee
$250

Details

Rates and fees information correct as at 8 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 11.99% p.a. fixed

  • 13.15% p.a.based on $30,000
    over 5 years

Fees
  • $250.00

  • $12.00

  • $15.00

  • $0.00

  • $175

Other financial bits
  • $4,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • Eligibility conditions include a regular permanent income of at least $35,000 p.a.

  • none

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Customer Reviews

How are Westpac personal loans rated by the Mozo community?

Overall customer rating
6.9/10
Price
6.2/10
Features
6.0/10
Customer service
7.2/10
Convenience
7.7/10
Trust
7.0/10

Latest reviews of Westpac Personal Loan

  • Overall 9/10
    Started with Westpac, still with Westpac.

    I’ve been with Westpac for nearly 20 years and have never had a problem with them that couldn’t be resolved quickly.

    Read full review

    I’ve been with Westpac for nearly 20 years and have never had a problem with them that couldn’t be resolved quickly.

    Price
    7/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    John, Victoria reviewed 16 days ago
  • Overall 7/10
    Easy to use Flexi Loan with great customer service

    Overall I find it a very convenient personal loan. As it is a flex loan, it allows me to take only what I need, up to $10,000, and only pay interest on the amount I have borrowed. When I have no money owing, it is not closed, but stays available for me to use like a credit card. One negative would be that the interest rates went up 4% after the first year and the monthly service fee also went up by $3. This encourages me to use it much less often.

    Read full review

    Overall I find it a very convenient personal loan. As it is a flex loan, it allows me to take only what I need, up to $10,000, and only pay interest on the amount I have borrowed. When I have no money owing, it is not closed, but stays available for me to use like a credit card. One negative would be that the interest rates went up 4% after the first year and the monthly service fee also went up by $3. This encourages me to use it much less often.

    Price
    3/10
    Features
    7/10
    Customer service
    5/10
    Convenience
    10/10
    Trust
    4/10
    Less
    Ryan, Western Australia reviewed about 2 months ago
  • Overall 0/10
    Shop around and find someone that you can trust.

    While my wife was going through cancer they sent a letter to say they would suspend payment for 6 months. They did not. We had no income. We took out insurance to ensure against loss of job and medical so we thought. Wasted $7000. Lost my job still having to pay so wife had to go back to work early to pay the bills. Advice buyer be aware.

    Read full review

    While my wife was going through cancer they sent a letter to say they would suspend payment for 6 months. They did not. We had no income. We took out insurance to ensure against loss of job and medical so we thought. Wasted $7000. Lost my job still having to pay so wife had to go back to work early to pay the bills. Advice buyer be aware.

    Price
    0/10
    Features
    0/10
    Customer service
    2/10
    Convenience
    2/10
    Trust
    0/10
    Less
    Andrew, Queensland reviewed 3 months ago
  • Overall 5/10
    Good

    Not bad, easy to get.

    Read full review

    Not bad, easy to get.

    Price
    2/10
    Features
    3/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Robert, South Australia reviewed 3 months ago
  • Overall 6/10
    Good bank with competitive rates.

    Fairly good bank. Does what they need to do. They offer good competitive rates and cheap options for repayments.

    Read full review

    Fairly good bank. Does what they need to do. They offer good competitive rates and cheap options for repayments.

    Price
    7/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    7/10
    Trust
    9/10
    Less
    Kimberley, New South Wales reviewed 5 months ago
Westpac

About Westpac

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.

See Westpac personal loans

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.based on $30,000
over 5 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Car Loan

5.50% p.a.

5.85% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

Clean Green Car Loan

3.97% p.a.

4.51% p.a.based on $30,000
over 5 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

loans.com.au

loans.com.au

New Car Loan (Fixed)

4.67% p.a.

5.22% p.a.based on $30,000
over 5 years

Promoted

Heritage Bank

Heritage Bank

Car Loan

5.99% p.a.

6.63% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.based on $30,000
over 5 years

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

9.51% p.a.to 12.71% p.a.based on $10,000
over 3 years

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

7.65% p.a.to 23.5% p.a.based on $30,000
over 5 years

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.to 25.11% p.a.based on $30,000
over 5 years

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.to 18.53% p.a.based on $30,000
over 5 years

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.to 20.4% p.a.based on $30,000
over 5 years

Promoted

RateSetter

RateSetter

Unsecured Personal Loan

7.49% p.a.to 8.89% p.a.

9.50% p.a.to 10.91% p.a.based on $10,000
over 3 years

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.based on $30,000
over 5 years

Promoted

OurMoneyMarket

OurMoneyMarket

Low Rate Personal Loan

8.00% p.a.

8.21% p.a.

$0.00

Promoted

MoneyPlace

MoneyPlace

Unsecured Personal Loan (Fixed)

7.65% p.a.to 26.99% p.a.

7.65% p.a.

$0.00

Promoted

SocietyOne

SocietyOne

Unsecured Personal Loan (Debt Consolidation)

7.50% p.a.to 14.99% p.a.

9.51% p.a.

$0.00

Promoted

Wisr

Wisr

Unsecured Personal Loan

7.95% p.a.to 19.45% p.a.

8.78% p.a.

$0.00

Promoted

Symple Loans

Symple Loans

Personal Loan

5.75% p.a.to 21.99% p.a.

6.47% p.a.

$10.00

Promoted

Heritage Bank

Heritage Bank

Standard Personal Loan (Unsecured)

8.99% p.a.

9.62% p.a.

$5.00

Promoted

CUA

CUA

Unsecured Personal Loan (Fixed)

9.89% p.a.

10.14% p.a.

$0.00

Promoted

NOW FINANCE

NOW FINANCE

Unsecured Personal Loan

7.45% p.a.to 16.95% p.a.

9.07% p.a.

$13.00